Texas, particularly the Permian Basin, was driving global oil economics into the early 1970s until the U.S. met maximum output, giving way to OPEC. More than 40 years later, the U.S. is producing more than ever. Here’s the new world order: Move over, OPEC.
SPEAKER:
Tom Petrie, Chairman, Petrie Partners
Recommended Reading
EagleClaw to Power Permian Operations from 100% Renewable Energy
EagleClaw Midstream said it is the first major gathering and processing company in the Permian Basin to procure 100% of its power for operations from renewable energy sources.
Colgate Launches Debt Offering to Fund Occidental Permian Asset Deal
Colgate Energy priced the offering of $500 million new senior unsecured notes due 2029, increased from the originally proposed $400 million, at par.
Marketed: Mineral Interests in Endeavor-operated Permian Assets
A private seller retained US Mineral Exchange for the sale of mineral and royalty interests located in the Permian Basin in Martin County, Texas, operated by Endeavor Energy Resources.